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Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy

Authors: ADEGBIE FOLAJIMI

Publication Type: Journal article

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International Journal of Research in Commerce and Management.India September 2010 Volume 1 Number 5 pp.15-22 The Nigerian banking industry occupies a major segment in Nigerian Economy of which the growth and development depends on the success of the industry.The paper identified that the banking industry has been experiencing a major problem in the area of financial distress, and that a critical issue which is yet to be properly addressed by the operators and regulatory authorities is the problem of corporate governance which has negatively impacted the interest of investors, depositors and stakeholders. Multivariate Analysis of variance (MANOVA) statistical model was used to analyze the result of the field work.The paper observed poor corporate governance in the system as a major factor that gave rise to distress,even after consolidation in 2005.The paper concludes that there should be full recognition of shareholders interest and the application of Organization for Economic Cooperation and Development(OECD) code of corporate governance in the Nigerian banking industry.

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ADEGBIE,F. . (0000). Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy, 0 (), 0-0.

ADEGBIE,F. . "Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy" 0, no (), (0000): 0-0.

ADEGBIE,F. and . (0000). Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy, 0 (), pp0-0.

ADEGBIEF, . Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy. 0000, 0 ():0-0.

ADEGBIE,FOLAJIMI , . "Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy", 0 . (0000) : 0-0.

A.FOLAJIMI , "Corporate Governance and Financial Distress in the Banking Industry:A case of Nigerian Economy" vol.0, no., pp. 0-0, 0000.

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